Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Goodwill

The following table presents the changes in goodwill during the twelve months ended December 31, 2021. There were no changes in the recorded balance of goodwill during the twelve months ended December 31, 2020:

(Dollars in thousands)	Sturman Wealth Advisors		Fauquier		Total
Balance as of January 1, 2021	$	372	$	-	$	372
Acquisition of Fauquier Bankshares, Inc.		-		7,768		7,768
Balance at December 31, 2021	$	372	$	7,768	$	8,140

Schedule of Gross Carrying Amounts and Accumulated Amortization of Other Intangible Assets

The following table summarizes the gross carrying amounts and accumulated amortization of other intangible assets:

(Dollars in thousands)	December 31, 2021					December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Core deposit intangible	$	9,660	$	(1,389	)	$	-	$	-
Customer relationships intangible		773		(499	)		773		(432	)
Total	$	10,433	$	(1,888	)	$	773	$	(432	)

Schedule of Estimated Future Amortization Expense

Estimated future amortization expense by year as of December 31, 2021 is as follows:

	Core		Customer
	Deposit		Relationships
(Dollars in thousands)	Intangible		Intangible
2022		1,685		67
2023		1,493		67
2024		1,301		67
2025		1,110		67
2026		918		6
Thereafter		1,764		-
Total	$	8,271	$	274